With mortgage borrowers reeling from 14 consecutive Bank of England base rate rises, the number of households falling behind on payments is rising. Mortgage arrears…
View More ‘Every night is sleepless’: the people falling behind on mortgage repaymentsTag: Borrowing&debt
‘We had no money’: desperate UK public increasingly turning to pawnbrokers to make ends meet
At about midday, Grace walks into Pickwick Pawnbrokers in Dartford and places a thin 40-carat gold chain on the desk. The 73-year-old needs £40 to…
View More ‘We had no money’: desperate UK public increasingly turning to pawnbrokers to make ends meetOne-in-four new UK homeowners opt for ‘marathon mortgages’ to cut payments
A quarter of young homeowners who have a new mortgage have opted to pay it back over 35 years or more in an attempt to…
View More One-in-four new UK homeowners opt for ‘marathon mortgages’ to cut paymentsRecord number of Britons heading into winter with energy debt, says charity
A record number of people in the UK are heading into the winter with energy debts as they borrow to pay bills, Citizens Advice has…
View More Record number of Britons heading into winter with energy debt, says charityUK interest rate rise: what it means for you
The Bank of England has yet again raised interest rates – the 14th consecutive increase since December 2021. After June’s unexpected half a point rise,…
View More UK interest rate rise: what it means for youMillions of UK families using credit cards and loans to pay basic bills
Millions of families are borrowing to cover basic bills and expenses, according to analysis that warns Britain is entering a dangerous new phase of the…
View More Millions of UK families using credit cards and loans to pay basic billsWill high interest rates burst the new car bubble and will drivers hand back keys?
Britain’s car buyers are a nation of borrowers: more than four in every five new cars bought by individuals in 2022 was paid for with…
View More Will high interest rates burst the new car bubble and will drivers hand back keys?‘I tried to cut my debt but was charged £3,000 in fees’
A disabled mother has told how she tried to tackle her five-figure debt by signing up to a repayment plan, but despite putting in £3,000…
View More ‘I tried to cut my debt but was charged £3,000 in fees’Average rate on five-year fixed mortgage deal in UK climbs above 6%
A typical five-year fixed mortgage deal in the UK now has an interest rate of more than 6%, putting further pressure on borrowers who are…
View More Average rate on five-year fixed mortgage deal in UK climbs above 6%How to get started with investing
While interest rate rises put pressure on mortgage borrowers on variable rates or those coming to the end of fixed-rate deals, they do bring some…
View More How to get started with investing